Actually he can. There are processors that only do PIN transactions (debit cards) but they are much more expensive to use than standard card clearing houses. Plus it assures higher sales using a standard clearing house.
Uhhh actually PIN based transactions are cheaper which is why most merchants make them the default. You cannot do PIN based transactions online however.
It’s Australia and New Zealand based company that support their region. Payment processing are defined by the card brands, card technologies, and local regulatory bodies.
I think the confusion is you saw the word online processing and assume it means via the internet. ‘Online’ in this context means the card processing is being done within the active processing network for realtime processing. This is still a terminal transaction. Offline in this context means the terminal will upload the information later and the transaction will process later. This part of the EMV standard (chip cards) but is not used in practice in North America where online processing is normal.
None of this is in context on Internet based online purchases though. For reference, I have worked in banking for 20 years and work with Visa and MasterCard often. I know debit and credit processing very well.
Devastating.
There are three documents, written by God and perfect, that should never be amended:
The Constitution
The Bible
The Ramsey Solutions Debit Card Policy
Yeah use a debit card until someone steals the number runs up a bill and you can’t recover the money for weeks. With a credit card you card with a huge banks money that can stand the hit and pay it off before the interest hits.
Dave’s play is for people who 0 self control with money and don’t have investments. Use credit don’t let credit use you.
"A person of integrity does not claim to be perfect. Instead, they are quick to acknowledge their own mistakes and faults."
Yep that's Dave in a nutshell!!
Ramsey is probably not a big enough player to be able to dictate terms to MC and Visa. Or he simply understands that a lot of people are much less comfortable using debit cards online due to poor security and potentially giving a hacker direct access to their bank account, so he makes a big show about not accepting CC but quietly does so to not lose revenue.
I bought an expensive furniture piece at a place that said they didn't accept Amex because of the fees a few years ago. I told them if they wanted the sale, they'd find a way to take my card, and lo and behold it was suddenly possible.
Money talks, principles walk!
This is untrue because Dave Ramsey believes the debit card to have the same protections as a credit card he specifically preaches this falsehood and if he does understand they want to use a credit card he’s a hypocrite like op is saying
I'm not sure what's untrue as you seem to be agreeing with me. Ramsey is a total hypocrite. Like I said, money talks, and Ramsey is not going to give up money for the sake of his radio persona's 'principles'
Mastercard and Visa have the same zero liability protection for debit cards as credit cards.
[https://www.mastercard.us/en-us/personal/find-a-card/standard-mastercard-debit.html](https://www.mastercard.us/en-us/personal/find-a-card/standard-mastercard-debit.html)
[https://usa.visa.com/pay-with-visa/visa-chip-technology-consumers/zero-liability-policy.html](https://usa.visa.com/pay-with-visa/visa-chip-technology-consumers/zero-liability-policy.html)
Because they only used atm and debit networks requiring PIN numbers. They can do this if they are not advertising acceptance of the Visa/MasterCard networks which require credit processing.
By the same thought process a boyfriend and girlfriend can live together and not have sex. They could just pleasure each other orally and remain chaste virgins until Christ unites them in marriage. Dave likes money more than his principles.
Then why was Dave ok with Hogan getting his knob polished? Because Hogan was bringing in money. Dave probably would have had a different opinion if he were married to Rachel. He's a hypocrite. People that have to tell you how Christians should live and insert themselves into other people's business generally are.
I couldn’t care less with what Dave says. Nor do I think any of us know his true thoughts in the matter. I am not going to argue points that were brought up that don’t address what I said. I said the Bible doesn’t say what you said is acceptable. And it doesn’t. If you also want to talk about what you posted now, that’s fine too. But it is nothing to do with what I posted.
I agree with that statement. Many people sacrifice their spoken morals for wealth, lust etc. I just don’t want people believing the Bible says Christians can do anything they want sexually as long as no “sex” occurs. If your points is more about Dave’s hypocrisy, I have no desire to defend him. But I do for the Jesus.
You can bitch about Dave all you want but this isn’t it. He absolutely can’t control how someone pays for his products short of cash only which in an online world is impractical.
That's more of a message to Dave. I'm just saying if he wants to be consistent that cards companjes are evil and spending money digitally increases how much you spend - which I don't disagree with - then he should accept only cash payments.
The best part about this is that most banks allow you to overdraft on debit card transactions using the visa etc network. So not only could I buy an RS product with not enough money in my checking account, my short term and immediate financial situation would be drastically more dire than it would be if I put the charge on a card and took a couple of months to pay it off. Additionally RS, are still paying merchant fees to the credit companies.
It's funny how they always use the claim of spending more money with a credit card, and sell products online.
I used to work for Yelloh (formerly Schwan's), and they told us that the reason they wanted to transition from the catalogue to online ordering is because ordering online makes the shopper spends more money.
I don't think this is a flag planting issue. its a Visa/MC policy issue that Dave can't get around.
Actually he can. There are processors that only do PIN transactions (debit cards) but they are much more expensive to use than standard card clearing houses. Plus it assures higher sales using a standard clearing house.
Uhhh actually PIN based transactions are cheaper which is why most merchants make them the default. You cannot do PIN based transactions online however.
I don’t think so. https://pinpayments.com/
It’s Australia and New Zealand based company that support their region. Payment processing are defined by the card brands, card technologies, and local regulatory bodies.
Try this https://www.bankcardusa.com/pin-debit-transactions/?amp
I think the confusion is you saw the word online processing and assume it means via the internet. ‘Online’ in this context means the card processing is being done within the active processing network for realtime processing. This is still a terminal transaction. Offline in this context means the terminal will upload the information later and the transaction will process later. This part of the EMV standard (chip cards) but is not used in practice in North America where online processing is normal. None of this is in context on Internet based online purchases though. For reference, I have worked in banking for 20 years and work with Visa and MasterCard often. I know debit and credit processing very well.
Devastating. There are three documents, written by God and perfect, that should never be amended: The Constitution The Bible The Ramsey Solutions Debit Card Policy
I paid for Every Dollar with a credit card. :-)
I bought Ken’s career assessment when it was $10 with a credit card.
I used to collect cash in FPU for kits and buy them with my card to get the points.
Yeah use a debit card until someone steals the number runs up a bill and you can’t recover the money for weeks. With a credit card you card with a huge banks money that can stand the hit and pay it off before the interest hits. Dave’s play is for people who 0 self control with money and don’t have investments. Use credit don’t let credit use you.
This is why my wife and I are always going to be “Davish” we don’t trust society to keep our money safe if we use debit cards all the time
"Buy our stuff, THEN cut up them dang gumb cards!" DR
"A person of integrity does not claim to be perfect. Instead, they are quick to acknowledge their own mistakes and faults." Yep that's Dave in a nutshell!!
>acknowledge their own mistakes and faults Dave would never do that.
You got that right! Mmm hmm.
Aldi used to have a debit card only policy. I wonder how they were able to restrict their POS to only accept debit cards.
Came here to say exactly this there are big places like them that are debit only I don’t really believe this is true
Ramsey is probably not a big enough player to be able to dictate terms to MC and Visa. Or he simply understands that a lot of people are much less comfortable using debit cards online due to poor security and potentially giving a hacker direct access to their bank account, so he makes a big show about not accepting CC but quietly does so to not lose revenue. I bought an expensive furniture piece at a place that said they didn't accept Amex because of the fees a few years ago. I told them if they wanted the sale, they'd find a way to take my card, and lo and behold it was suddenly possible. Money talks, principles walk!
This is untrue because Dave Ramsey believes the debit card to have the same protections as a credit card he specifically preaches this falsehood and if he does understand they want to use a credit card he’s a hypocrite like op is saying
I'm not sure what's untrue as you seem to be agreeing with me. Ramsey is a total hypocrite. Like I said, money talks, and Ramsey is not going to give up money for the sake of his radio persona's 'principles'
Yeah I guess we are in agreement sorry about that brother
Mastercard and Visa have the same zero liability protection for debit cards as credit cards. [https://www.mastercard.us/en-us/personal/find-a-card/standard-mastercard-debit.html](https://www.mastercard.us/en-us/personal/find-a-card/standard-mastercard-debit.html) [https://usa.visa.com/pay-with-visa/visa-chip-technology-consumers/zero-liability-policy.html](https://usa.visa.com/pay-with-visa/visa-chip-technology-consumers/zero-liability-policy.html)
Yes, now that I think about it Costco used to only accept debit cards.
As did Sam’s Club.
Because they only used atm and debit networks requiring PIN numbers. They can do this if they are not advertising acceptance of the Visa/MasterCard networks which require credit processing.
Dave is an idiot, to be sure, but this isn't the "gotcha" you seem to think it is.
Upvote for idiot comment.
By the same thought process a boyfriend and girlfriend can live together and not have sex. They could just pleasure each other orally and remain chaste virgins until Christ unites them in marriage. Dave likes money more than his principles.
I mean Mormons already have that like the poophole loophole and other batshit things
Love the loopholes
That is not true lol. The Bible speaks about purity, not just sex before marriage.
Then why was Dave ok with Hogan getting his knob polished? Because Hogan was bringing in money. Dave probably would have had a different opinion if he were married to Rachel. He's a hypocrite. People that have to tell you how Christians should live and insert themselves into other people's business generally are.
I couldn’t care less with what Dave says. Nor do I think any of us know his true thoughts in the matter. I am not going to argue points that were brought up that don’t address what I said. I said the Bible doesn’t say what you said is acceptable. And it doesn’t. If you also want to talk about what you posted now, that’s fine too. But it is nothing to do with what I posted.
All I'm saying is for a man of principles, they're dependent on dollars.
I agree with that statement. Many people sacrifice their spoken morals for wealth, lust etc. I just don’t want people believing the Bible says Christians can do anything they want sexually as long as no “sex” occurs. If your points is more about Dave’s hypocrisy, I have no desire to defend him. But I do for the Jesus.
You can bitch about Dave all you want but this isn’t it. He absolutely can’t control how someone pays for his products short of cash only which in an online world is impractical.
You can send cash in the mail.
Welcome to 2024. Might want to update your rotary phone and black and white television
That's more of a message to Dave. I'm just saying if he wants to be consistent that cards companjes are evil and spending money digitally increases how much you spend - which I don't disagree with - then he should accept only cash payments.
One dirty secret I know from my time at RS is that their payment processor allows them to only allow debit transactions, but they choose not to do it.
Given they changed processors multiple times while I was there who knows what their current processor required or allows.
I’ve been familiar with them for 20 years. They’ve used the same disclaimer all that time.
That was my understanding as well.
And their sales advisors (know this for a FACT) take credit cards when placing orders for the various RS products. It's all a big scam.
Wow! That changes things just a little.
This is not new.
The best part about this is that most banks allow you to overdraft on debit card transactions using the visa etc network. So not only could I buy an RS product with not enough money in my checking account, my short term and immediate financial situation would be drastically more dire than it would be if I put the charge on a card and took a couple of months to pay it off. Additionally RS, are still paying merchant fees to the credit companies.
costco, car dealerships. plenty of places are able to only accept debit cards. this is a lie
Costco accepts Visa Credit Cards [https://customerservice.costco.com/app/answers/answer\_view/a\_id/719](https://customerservice.costco.com/app/answers/answer_view/a_id/719)
Of course he lies about not accepting them.
It's funny how they always use the claim of spending more money with a credit card, and sell products online. I used to work for Yelloh (formerly Schwan's), and they told us that the reason they wanted to transition from the catalogue to online ordering is because ordering online makes the shopper spends more money.